VALLEY NATIONAL BANCORP
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
VLY$14.30+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders’ Equity
| Common Stock · Accumulated | ||||||||
|---|---|---|---|---|---|---|---|---|
| Preferred Stock | Shares | Amount | Surplus | RetainedEarnings | OtherComprehensiveLoss | TreasuryStock | TotalShareholders’Equity | |
| ($ in thousands) | ||||||||
| Balance - December 31, 2020 | $209,691 | 403,859 | $141,746 | $3,637,468 | $611,158 | $(7,718) | $(225) | $4,592,120 |
| Net income | — | — | — | — | 473,840 | — | — | 473,840 |
| Other comprehensive loss, net of tax | — | — | — | — | — | (10,214) | — | (10,214) |
| Cash dividends declared: | ||||||||
| Preferred stock, Series A, $1.56 per share | — | — | — | — | (7,188) | — | — | (7,188) |
| Preferred stock, Series B, $1.38 per share | — | — | — | — | (5,500) | — | — | (5,500) |
| Common Stock, $0.44 per share | — | — | — | — | (182,370) | — | — | (182,370) |
| Effect of stock incentive plan, net | — | 3,484 | 1,238 | 39,931 | (6,295) | — | 484 | 35,358 |
| Common stock issued in acquisition | — | 15,709 | 5,498 | 205,636 | — | — | — | 211,134 |
| Common stock repurchased | — | (1,615) | — | — | — | — | (23,114) | (23,114) |
| Balance - December 31, 2021 | 209,691 | 421,437 | 148,482 | 3,883,035 | 883,645 | (17,932) | (22,855) | 5,084,066 |
| Net income | — | — | — | — | 568,851 | — | — | 568,851 |
| Other comprehensive loss, net of tax | — | — | — | — | — | (146,070) | — | (146,070) |
| Cash dividends declared: | ||||||||
| Preferred stock, Series A, $1.56 per share | — | — | — | — | (7,188) | — | — | (7,188) |
| Preferred stock, Series B, $1.49 per share | — | — | — | — | (5,958) | — | — | (5,958) |
| Common Stock, $0.44 per share | — | — | — | — | (215,513) | — | — | (215,513) |
| Effect of stock incentive plan, net | — | 1,089 | 1 | 9,069 | (5,392) | — | 14,624 | 18,302 |
| Common stock issued in acquisition | — | 84,863 | 29,702 | 1,088,127 | — | — | — | 1,117,829 |
| Common stock repurchased | — | (1,015) | — | — | — | — | (13,517) | (13,517) |
| Balance - December 31, 2022 | 209,691 | 506,374 | 178,185 | 4,980,231 | 1,218,445 | (164,002) | (21,748) | 6,400,802 |
| Adjustment due to the adoption of ASU 2022-02 | — | — | — | — | 990 | — | — | 990 |
| Balance - January 1, 2023 | 209,691 | 506,374 | 178,185 | 4,980,231 | 1,219,435 | (164,002) | (21,748) | 6,401,792 |
| Net income | — | — | — | — | 498,511 | — | — | 498,511 |
| Other comprehensive income, net of tax | — | — | — | — | — | 17,546 | — | 17,546 |
| Cash dividends declared: | ||||||||
| Preferred stock, Series A, $1.56 per share | — | — | — | — | (7,188) | — | — | (7,188) |
| Preferred stock, Series B, $2.24 per share | — | — | — | — | (8,947) | — | — | (8,947) |
| Common Stock, $0.44 per share | — | — | — | — | (225,779) | — | — | (225,779) |
| Effect of stock incentive plan, net | — | 1,309 | 2 | 9,758 | (4,011) | — | 18,049 | 23,798 |
| Common stock issued | — | 327 | — | — | (650) | — | 4,400 | 3,750 |
| Common stock repurchased | — | (300) | — | — | — | — | (2,092) | (2,092) |
| Balance - December 31, 2023 | $209,691 | 507,710 | $178,187 | $4,989,989 | $1,471,371 | $(146,456) | $(1,391) | $6,701,391 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.